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โˆ™ 2005-05-19 23:13:30
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Q: How many points will come off your credit report when your foreclosure falls off?
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How many points will your credit score go up once your Chapter 7 bankruptcy falls out off your credit report?

Significantly, but most important of all will be what have you done to make sure you have paid your credit cards on time and how have you rebuilt good credit since you last file Chapter 7.


How long does a judgment stay on your credit report in Alabama?

A judgment stays on your credit report until it is satisfied or proven falls in a court of law. The only way to remove it is to pay it off.


Can a collection agency legally inquire on your credit report more than once in the same month?

They can do this as many times as they want. This is how they ruin your credit. Every time someone requests your credit report, you lose 2 points. 10 times= -20 points and as you can see this can add up, because they have people that this all they do, is credit report request.actually, There are several types of inquires that can be made on your credit bureaus. If a collector uses an inquiry to find you or see what your financial status currently is AND does it under the guise of checking for issuance of new credit, the collector can be severely punished both in civil and criminal court. The type of inquiry you were asking about falls under a type that is not reported to anyone but you. You will see these when you look at your own credit report but no one else will see it and these inquiries do not affect your credit.


When a negative remark falls off the credit report after 7 years does it lower the credit score or swing it higher if the debt was never paid?

When the negative debt is completely erased from your credit history, your credit score will experience an upward swing. Also, the longer time goes by and you have clean clear credit (and the debt is still on your report), your credit score will improve.


How do you write a derogatory credit letter?

You would only be able to write a derogatory letter if you a creditor who reports to the credit bureaus. If someone owes you money, you can go to court and file a judgment. This would show up on someones credit report, showing 'you' as the plantiff and the debtor as filed against. The judgment would remain on a credit report until the judgment is paid or falls off the credit report in seven years.


Will your score go up if two charge off accounts get dropped off your credit report?

Yes. Anytime derogatory info falls off your report your score will improve.


Once a chapter 7 falls off your credit report how much will your credit score go up or will this have an affect on your credit score?

I had a 670 score the month before it dropped off, and when it dropped off it went up about 50 points. In that period (ten years) I never had one late payment, so you can recover from a Chapter 7. It just takes time.


You are attempting to establish credit in your own name your mother is co-borrower on your student loan Will it show on your credit score?

It will only show on the primary borrowers credit report. If the primary defaults on the loan then the responsibility falls to the co-signer. In brief, if the loan is in good standing the primary borrower will have it on their credit report only. If the loan is late or is defaulted it will be reported on both the primary and co-signers report.


How many points does your fico raise after a bankruptcy falls off your credit report?

No one can tell you how many points it will raise. There are many factors a credit report considers when determining scores. It is VERY important, that once you have had a bankruptcy try to never have any late payments. When a creditor considers giving you a loan and they see the bankruptcy and they then see you have been late on bills after the bankruptcy, they may think that you are a financial risk. As time goes on and the bankruptcy gets further back in your history, you scores will start to go up.


What is the most common credit score and how can I find out if mine is good?

Believe it or not, the most common credit score falls between 750 and 799. You can find yours out by going online to credit report sites. They will usually charge a fee, but its worth knowing what your score is.


Does having negative information drop from your credit report when the time limit has ran out boost your credit score automatically?

Yes. But probably not by much. The reason has to do with the configuration of credit scoring software. Credit scores places the most emphasis, 35%, on what has occured recently (within the last 12 mos). So, information so old that it is "dropping off" is not causing much of a deduction anyway. However, the deduction that is being generated would be gone once the data falls off. Even if this is only a few points, yes, your score would recover those points.


When does an expired judgment get removed from public record?

The expired judgment falls off your credit report when it expires or seven years after first being reported, whichever is longer.


What happens if you do not pay your debt within 7 years will you still be obligated to owe that if it falls off your credit report?

Many consumers assume that the time to collect a debt corresponds with the time the debt remains on the credit report this is not true. Statute of Limitations laws for debts are enacted by states, some concerning open accounts (such as credit cards), can be as short as three years.


What is a portion of a line that falls between two points called?

The portion of a line that falls between two points is called a line segment.


What is the process of reading points on a graph that falls between measured points?

interpolation


What is the snow report in falls creek Australia?

bangs


Will a lump sum repayment of credit card debt improve credit score?

BEWARE! One of two debts: 1) appears on credit report. 2) does not appear on credit report. 1) if it's on credit report as a defaulted account (charged off or anything) and it's suddenly paid, it will affect your credit iin a similar way - so if you had a 620 with an "open judgment" or "open collection account" and now it's a "paid collection account" it won't change much at first - maybe a 625. But over time, it will improve to eventually say a 690 or 700 in two years whereas an "open collection account" will continue to hurt you month to month until it falls off the report after 7 years. 2) if it does not appear on your credit report, suddenly paying it may and likely will land it on yiour credit report as a paid old debt - so don't do it!! Especially if the statute of limitations has passed for them to sue you in court, forget that debt. there's a real risk that something older than 7 years (so it falls off your credit report) will suddenly show up the moment you make a single dollar payment on the account because it's you affirming your debt and suddenly the 7 years starts to toll again! Beware - this is a very tricky area! Lot of traps in this field.


What are points of interest in Venezuela?

Angel Falls is one (:


What gets 11 points before it falls?

football


How many points could one expect to gain after a charge-off falls off the report?

If the charge off is "falling off" due to the expiration of its reporting period (7 years), then there probably would not be much of an increase in the score. Older information has less of an impact than recently occurring or recently reported derogatory data. Keep in mind that credit scores are calculated based on ALL of the information showing in your credit report, not just one item. For this reason, it is virtually impossible to guess the impact of one item on the whole.


What does the Uniform Commercial Code have to do with foreclosure in the state of PA?

The 'Business of Foreclosure' is a commercial activity/transaction performed by a lender, therefor it falls under the U.C.C. and they must follow certain Uniformcodes/rules laid out within the Commercial Code.


Is a beacon score of 680 good?

A credit score derived from the application of a credit scoring model created by the Fair, Isaac Company to a consumer's credit file held by a credit reporting company. FICO® scores range from 300 to 850, but almost all consumers have a score between the 600s and 700s. A beacon score of 680 is considered to be falls into the 'Good' category by 5 points.


You cosigned on a car loan what happens if the primary buyer files bankruptcy but is still able to make the car payments Will this affect your credit?

The only thing from his credit that is linked to yours is the car loan. As long as he makes that payment on time it won't impact your credit. The minute he falls behind it's recorded on both yours and his credit. His other debts and BK do not impact your score because you are not responsible for them, therefore they are not recorded on your credit report. Hope this helps!


What is the portion of a line that falls between two points?

a line segment.


When will being removed as an authorized user show up on your credit report?

In general, those becoming "authorized users" will not have changes made to their credit report unless (1) they become an authorized user of a company card and that company requires employees to take personal responsibility for charges or (2) they become a joint account holder, making them responsible for all charges. So, if one falls into one of the above camps, the time varies based on the frequency with which the issuer chooses to inform the credit bureaus. Because "authorized user" status does NOT change the liability of the account holder, these types of credit report transactions are not priorities and may take place a few times per year. Wait three (3) months and re-review your credit reports. If the "authorized user" does not disappear, dispute the tradeline with the appropriate credit bureau.